To be successful it’s important to have accurate information about future demand for your products or services. That way, you can make informed decisions about production levels, inventory, staffing, and other aspects of your operation. ProForecast demand forecasting can help you get that information.
ProForecast uses Rapier artificial intelligence (AI) to predict future demand for your products or services. Rapier takes into account a wide range of factors, including historical sales data, seasonality, and economic trends, but can also include social media activity and even account for delays in the port of origin for imported goods. This makes it much more accurate than traditional methods of forecasting demand.
Rapier is constantly learning and improving its predictions, a process that is accelerated by the feedback loop Proforecast provides. As customers purchase goods or services, that information is fed back into Rapier, which then refines its predictions for future demand.
This means that Proforecast can provide you with an ever-more accurate picture of future demand, so you can make better decisions about your business. In a rapidly changing world, having this kind of information can give you a critical competitive advantage.
Rapier has been developed by ProForecast’s data scientists, Innovate UK and Sunderland University and is a proven application with over 98% medium turn accuracy over the first six months of any projection, over the subsequent 6 months the accuracy gradually diminishes, but by regularly reforecasting Rapier constantly updates and learns, so maintaining the ongoing accuracy.
Rapier has a further unique feature, its not a black box where the user has no control. the user at all times has total control over the outputs and can amend them quickly and easily, so if as a management team you are aware of reasons why Rapiers predictions will be inaccurate they can be amended and overwritten.
Rapier is being integrated into the entire range of ProForecast’s accounting connectors, such as Sage Intacct, Sage 200, Sage 50, Accounts IQ, Xero, Quickbooks, with NetSuite, Microsoft Dynamics and Exact also being added.
Integrations into the following commercial applications are also available-
CRM systems – Salesforce, Monday, Soho, Hubspot, Slack & Sugar.
E-commerce – Magento, Shopify, Ebay, Google Shopping, Amazon and Lightspeed.
E-mail marketing – Mailchimp, Mandrill.
Helpdesk – Zendesk
Databases – Google Big Query and Snowflake
Our generic connector can also connect to any application with a restful API, and so in this way the ProForecast demand forecasting module can be configured to your exact requirements.
If you would like to learn more about how Proforecast demand forecasting can help your business, please contact us. We would be happy to discuss your specific needs and show you how our service can benefit your operations.